Author: M. W. Walbert
Keywords: M.W. Walbert; History; Bank; Currency; National Bank System; America; 1899
In this volume the author endeavors to give an accurate history of the present National Bank
System of currency, including an account of the first United States Bank,- both of which were
borrowed from Great Britain by those statesmen who, like the father of Sir Robert Peel,
believed that a national debt was the source of prosperity.
It is believed that the facts adduced in the following pages will be productive of some good, in
pointing out the immense evils lurking in that system of banking, a system which has produced
panics at will, and which is the active abettor of the stock gamblers, railroad wreckers, and
those industrial tyrants of modern times, the enormously overcapitalized and oppressive trusts.
It is sought to point out the great dangers of delegating purely government powers to these
greedy monopolists, by which they are enabled to organize a money trust, far more tyrannical
than all the other combinations now in existence; and by which they absolutely defy the
authority that endowed them with corporate life.
The issue between these banks and the people will be joined in the near future, and the greatest
struggle the world ever witnessed will take place between the usurping banks on the one hand and the people on the other.
In the nature of things, unjustly acquired power of man over man generally rises to such heights
of arrogance, as to eventually create a public opinion that will grind tyranny of every form to
atoms, hence, The Coming Battle that will surely take place in the near future and the victory
that will be won by justice will be the noblest events in American history.